MUMBAI: Indians are conscious about their retirement planning and they stand higher than the global average at 84%, reveals a survey by Accenture. The survey also mentioned that Indians are aware of how much to save and the methodology of retirement planning.

Indians, Chinese and Americans are the most confident about their current level of savings with 39%, 28% and 21% respectively. They believe that they are saving enough for their retirement, compared to the global average of 16%. Russians (4%), Japanese (5%) and South Koreans (8%) are the least confident, the survey states.

Indians and Chinese also appear to have a good understanding of and access to information on the different retirement planning options, with 86% of Chinese and 64% of Indians believing they have the necessary information to prepare for retirement, compared to the global average of 47%.

"Moreover, Indians (68 percent) and Chinese (61 percent) are also more confident about knowing how much they need to save every month to guarantee their standard of living at retirement, compared to the global average of 33%," the survey states.

Apart from merely understanding the need for retirement planning, "39% of Indians have actually privately invested in a retirement product compared to 12% in Russia, 19% in Australia, 20% in Brazil and 29% in Spain," Accenture said in a statement.

Accenture commissioned a survey of 8,112 individuals between 25 and 60 years old in 15 countries. Respondents were representative of the population in gender, age and income, the company states. The 8,112 respondents included 1,000 from the U.S., 539 from South Korea, 529 from Mexico, 520 from Poland, 508 from Spain, 506 from Italy, 503 from Brazil, 502 each from France, Germany and Russia, 501 from the UK, and 500 each from Australia, China, India and Japan.